Skip to main content
Level 3
November 8, 2022

Car mileage when associated with a trucking company.

  • November 8, 2022
  • 1 reply
  • 9 views

Trucking company has 9 semi trucks that can not use standard mileage rate because they are considered a qualified non-personal-use vehicle. However they have a personal vehicle that they use 25% for business purpose in the trucking company. Does the 4 car rule in Pub 463 apply to the car or can they still take standard mileage?

    This topic has been closed for replies.

    1 reply

    qbteachmt
    Level 15
    November 9, 2022

    They, who, owns this car? A "personal" car means not owned by the business entity? Which means submitting for reimbursement to that employer under the terms of An Accountable Plan. Not what you asked. 

    Don't yell at us; we're volunteers
    Level 3
    November 11, 2022

    "They" refers to the owner of the company. It a single member LLC filing on a Schedule C. 

    qbteachmt
    Level 15
    November 11, 2022

    Pub 463 helps by defining car:

    https://www.irs.gov/pub/irs-pdf/p463.pdf

    vs equipment.

    Don't yell at us; we're volunteers